GAMMA Investing LLC Acquires 30,791 Shares of Embraer S.A. (NYSE:ERJ)

GAMMA Investing LLC grew its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 6,335.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,277 shares of the aerospace company's stock after acquiring an additional 30,791 shares during the period. GAMMA Investing LLC's holdings in Embraer were worth $1,445,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in Embraer in the 4th quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in Embraer during the 4th quarter valued at $37,000. Colonial Trust Co SC acquired a new position in Embraer during the 4th quarter valued at $42,000. Lindbrook Capital LLC raised its stake in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Embraer during the 4th quarter valued at $71,000. 34.65% of the stock is owned by institutional investors.

Embraer Price Performance

NYSE:ERJ opened at $48.26 on Friday. Embraer S.A. has a 1-year low of $25.24 and a 1-year high of $56.61. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $46.20 and a 200 day simple moving average of $43.63. The stock has a market capitalization of $8.86 billion, a PE ratio of 17.74 and a beta of 1.68.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.48) earnings per share. On average, research analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer's payout ratio is 1.85%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ERJ. UBS Group restated a "sell" rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Wall Street Zen cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. HSBC upgraded shares of Embraer from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $57.00 in a research note on Wednesday, June 4th. The Goldman Sachs Group increased their target price on shares of Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.40.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.

Want to see what other hedge funds are holding ERJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Embraer S.A. (NYSE:ERJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.